Castleview Property Fund (JSE:CVW) EBIT: R2,877 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:CVW Castleview Property Fund Ltd JSE:CVW
58 GF Score
Price R10.40
GF Value R7.31
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Castleview Property Fund EBIT?

Castleview Property Fund JSE:CVW 58 EBIT is R2,877 Mil as of Mar. 2026. GuruFocus rates JSE:CVW with a GF Score™ of 58/100 and a GF Value™ of R7.31 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Castleview Property Fund's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was R790 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R2,877 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Castleview Property Fund's annualized ROC % for the quarter that ended in Mar. 2026 was 2.39%. Castleview Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 123.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Castleview Property Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.95%.


Castleview Property Fund  (JSE:CVW) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Castleview Property Fund's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=595.852 * ( 1 - 6.21% )/( (24006.538 + 22779.798)/ 2 )
=558.8495908/23393.168
=2.39 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=24805.704 - 370.801 - ( 428.365 - max(0, 1443.199 - 2203.08+428.365))
=24006.538

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=24849.42 - 128.826 - ( 1940.796 - max(0, 1646.41 - 3812.458+1940.796))
=22779.798

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Castleview Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1579.428/( ( (0.419 + max(1285.952, 0)) + (0.321 + max(1271.25, 0)) )/ 2 )
=1579.428/( ( 1286.371 + 1271.571 )/ 2 )
=1579.428/1278.971
=123.49 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(188.022 + 344.168 + 1211.508) - (370.801 + 0 + 86.945)
=1285.952

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.076 + 169.31 + 1558.806) - (128.826 + 0 + 342.116)
=1271.25

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Castleview Property Fund's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2877.213/22224.120
=12.95 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Castleview Property Fund EBIT Related Terms


Castleview Property Fund EBIT Historical Data

* Premium members only.

The historical data trend for Castleview Property Fund's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Castleview Property Fund EBIT Chart

Castleview Property Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only 31.04 2,486.59 1,232.85 3,397.99 2,877.21

Castleview Property Fund Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 851.88 2,095.32 1,302.67 2,087.50 789.71

JSE:CVW vs SPG, O, KIM: EBIT Comparison

For the REIT - Retail subindustry, Castleview Property Fund's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Castleview Property Fund EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Castleview Property Fund's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Castleview Property Fund's EV-to-EBIT falls into.


JSE:CVW
58GF Score
Castleview Property Fund Ltd JSE:CVW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Castleview Property Fund EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R2,877 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R2,877 Mil mean?
Castleview Property Fund (JSE:CVW) has a EBIT of R2,877 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Castleview Property Fund.
Is Castleview Property Fund's EBIT too high?
Castleview Property Fund's current EBIT is R2,877 Mil. Overall, Castleview Property Fund has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Castleview Property Fund's EBIT compare to SPG and O?
Castleview Property Fund's EBIT of R2,877 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Castleview Property Fund. Castleview Property Fund's current EBIT is R2,877 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Castleview Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Castleview Property Fund (JSE:CVW) is currently considered Significantly Overvalued. The stock's GF Value™ is R7.31, compared to a current price of R10.40 — trading 42.3% above its estimated fair value. The current EBIT is R2,877 Mil. Castleview Property Fund's overall GF Score™ is 58/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Castleview Property Fund (JSE:CVW), the current EBIT is R2,877 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Castleview Property Fund (JSE:CVW) Overvalued in 2026?

Based on GuruFocus' analysis, Castleview Property Fund stock appears to be overvalued. The current stock price of R10.40 is trading 42.3% above its estimated GF Value™ of R7.31. GuruFocus considers Castleview Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:CVW:

  • EBIT: R2,877 Mil
  • GF Value™: R7.31 vs. price of R10.40 (42.3% above fair value)
  • GF Score™: 58/100 with 11 warning signs

No single metric tells the full story. See the JSE:CVW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Castleview Property Fund Business Description

Industry Real EstateREITs
Address 13 Hudson Street, De Waterkant, Woodstock, Cape Town, WC, ZAF, 8001
Castleview Property Fund Ltd is a property holding and investment company in South Africa. Principally, it invests in a diversified portfolio of retail properties situated in South Africa. The company also invests in regional shopping centers like Pier 14 Shopping Centre located in the Eastern Cape.
58GF Score

Get the complete analysis for JSE:CVW

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R10.40
Price
R7.31
GF Value